Tesco Personal Loans Review

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2.2 stars
Average rating for this product is: 2.2 out of 5

From 0 ratings and 21 reviews

Thumb down 43% of users recommend this product

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Guest's Review of Tesco Personal Loans

Overall Rating

4 stars
  • Value for money
    4 stars
  • Speed of Application
    4 stars
  • Loan Rate
    9.4
  • Customer Service
    3.5 stars
Good Points

Quick service, helpful UK customer call centre


Bad Points

APR not as advertised


General Comments

After reading so many bad reviews on Tesco Personal loans i was apprehensive about applying. I applied on Thursday night, got documents through on Saturday saying the loan had been agreed in principle (although the APR was slightly higher than advertised, but still very competitive) Signed the documents and sent a bank statement that day. Called a couple of times to find out progress and spoke to helpful, british people and on Friday was told I had been approved. Money was in my bank the next day!

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No